Vital Industry News
De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Economy Energy Local News

Chevron and Angola Join Forces to Advance Sustainable Energy Initiatives

The American multinational energy corporation, Chevron, through its Angolan subsidiary Cabinda Gulf Oil Company Limited (CABGOC) has signed a Memorandum of Understanding (MoU) with Angola to identify low carbon business opportunities. They will explore the potential of nature-based technological carbon offsets as well as biofuels, such as hydrogen and carbon capture and storage solutions, to advance Angola’s energy production and energy mix diversification for energy security, economic growth and environmental sustainability. “Through our work here,

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Diamonds Local Mining News

Lulo Unearths Its Second-Largest Diamond

The ASX-listed Lucapa Diamond Company and its partners, Endiama and Rosas & Petalas, have recovered a 235 ct diamond at their Lulo mine in Angola. Not only is it the second-largest diamond to be recovered at the mine since operations started in 2015, but it follows only a week after the recovery of a 208 ct diamond at the mine. The 235 ct diamond was recovered from Mining Block 550, which is immediately south of

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Energy Gas News

South Africa’s Ambitious Plan to Add 3 GW of Gas-Fired Power to Address Energy Shortage

South Africa is accelerating the deployment of up to 3 GW of gas-fired power generation capacity amid efforts to address the country’s ongoing electricity crisis. Currently at the procurement stage, the project pipeline includes a 2 GW mobile facility as well as a 1 GW gas-to-power plant located near Coega in the Eastern Cape province. Speaking during a press briefing last week, South Africa’s Minister of Electricity Kgosientsho Ramakgopa stated that the 3 GW of

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Economy Gold International Mining News

Egypt’s Inaugural Electronic Auction for Gold and Silver Set to Debut Next Week

The Assay and Weights Administration (AWA) of Egypt is planning to hold its first electronic auction for gold and silver, scheduled to take place next week. According to a statement on Tuesday, the auction will be facilitated through the Egyptian Mercantile Exchange (EME) trading platform. Nagy Farag, the advisor to the supply minister for gold industry affairs, told Ahram Online that this move aims to generate more revenue streams for Egypt’s treasury. “The Egyptian government’s

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Economy International News Oil

Addressing Fuel Costs and Combating Smuggling in Libya

During the meeting held on Sunday 5th of October, the Libyan Prime Minister, Abd Alhamid Aldabaiba, discussed the nation’s soaring fuel expenses with Farhat Bengdara, Chairman of the National Oil Corporation (NOC), and Suhail Bousheha, Undersecretary of the Ministry of Economy. The meeting unveiled staggering annual fuel costs, exceeding $8 billion for electricity stations and around $4 billion for various other uses.”

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Gas Local News

Libya Wants to Activate Factories to Produce Derivatives

The National Oil Corporation (NOC) of Libya is expected to activate all the factories and contribute to boosting the local production of certain petroleum derivatives. The challenge lies in increasing the gasoline production, during a meeting in Tripoli with the CEO of NOC, Farhat ben Gdara, the Libyan Prime Minister, Abdulhamid al-Dbaiba, emphasized the need to explore the refineries and increase their gasoline production, reduce its imports, and rebuild those damaged by the wars of

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Diamonds Economy International News

Botswana’s President Announces Comprehensive Review of HB Antwerp Investment

Botswana is conducting due diligence on HB Antwerp, as the world’s top diamond-producing country by value seeks to finalize a deal to acquire a 24% shareholding in the Belgian gem trader, President Mokgweetsi Masisi said on Monday. At the height of talks for a new sales contract with De Beers in March, Botswana announced a deal to become a shareholder in HB Antwerp and to supply the trader with 10% of the rough diamond output

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Energy International News Oil

Gabon’s Offshore Oil Discovery Confirmed by BW Energy

The BW Energy has announced a commercial oil discovery on the Hibiscus South exploration prospect in the Dussafu Marin license offshore Gabon, indicating significant untapped potential in the licensing area. Drilled from the MaBoMo production platform at a depth of just over 6,000m, the DHBSM-1 appraisal well has encountered recoverable reserves of 6-7 million barrels with approximately 16 million barrels of oil in place, according to initial estimations. The discovery comes as part of the

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Economy Gold News

October Sees Gold Prices Soar to Highest Levels in Nearly 50 Years

The price of gold had its best October in nearly half a century, defying tough resistance from surging Treasury yields and a strong U.S. dollar. The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978, when it jumped 11.7%. Gold, a non-interest-bearing asset, has historically floundered when bond yields were heading higher. An exception has been made this year, however, on a number of significant

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Energy Gas International News

Mozambique’s Largest Gas-Fired Power Plant Progresses to 60% Completion

The Mozambique’s minister for mineral resources and energy, Carlos Zacarias, said last week that the construction of the country’s largest gas-fired power plant is 60% complete, and that the infrastructure is expected to be operational in 2024. “We have seen substantial progress of around 65%, this is substantial progress that satisfies us,” said Zacarias, speaking to journalists after visiting the Temane Thermal Power Plant (CTT), in the district of Inhassoro, Inhambane province, southern Mozambique. The

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